BMO® AIR MILES® World Elite®* Mastercard®* Review
Get 2,000 AIR MILES Bonus Miles and they’ll waive the $120 annual fee in the first year.
Recommended Credit Score:
670 900
Average to Excellent
$242
Welcome Bonus Value
$120
Annual Fee
20.99%
Purchase Interest Rate
NA
Min Personal Required
BMO® AIR MILES® World Elite®* Mastercard®*
My Rate Compass Rating: star star star star star_outline (4)
Bank Name:BMO
Network Type:Mastercard
BMO® AIR MILES® World Elite®* Mastercard®*
Welcome Bonus
Get 2,000 AIR MILES Bonus Miles and they’ll waive the $120 annual fee in the first year.
Annual Fee
$120
BMO® AIR MILES® World Elite®* Mastercard®*
Card Details

BMO® AIR MILES®† World Elite®* Mastercard®*Review

Maximize the Miles! Enjoy your rewards and travel perks sooner.

Welcome offer

Get 2,000 AIR MILES Bonus Miles and they’ll waive the $120 annual fee in the first year.

3x the Miles

Always get 3 Miles for every $12 spent on your everyday needs at participating AIR MILES Partners.

2x the Miles

Get 2x the Miles at any eligible grocery store - that's 2 Miles for every $12 spent.

1 Mile/$12

Get 1 Mile for every $12 you spend on your credit card.

25% off flights

Use less Miles with their exclusive 25% discount on one worldwide AIR MILES flight redemption during the calendar year.

Insurance
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance No
  • Vehicle rental insurance Yes
  • Travel accident insurance Yes
  • Travel medical insurance Yes
Fees and Eligibility
Fees
  • Annual Fee: $120
  • Additional Card Fee: $0
  • Purchases Interest Rate: 20.99%
  • Cash Advance Interest Rate: 22.99%
Eligibility
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star star_outline (4)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

 

  • BMO AIR MILES World Elite Travel and Medical Protection offering 15 days of Out of Province / Out of Country Emergency Medical protection up to $2MM, Collision Damage Waiver on rental cars, and more.
  • Complimentary membership in Mastercard Travel Pass provided by DragonPass. As a member enjoy lounge access for a fee of just US$32 per person, per visit.Registration is required. 
  • Enjoy free access to over 1 million Wi-Fi hotspots around the world with Boingo Wi-Fi for Mastercard Cardholders.50 Connect today by registering and activating your complimentary Boingo account.
  • Enjoy free 24-hour access to their experienced concierge staff.
  • Discover a world of Mastercard Travel Rewards cash back offers when you shop, dine and relax with our partners outside of Canada.
  • Access valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services.
  • Shop confidently with an extended warranty and purchase protection.
  • Save up to 25% off rentals at participating National Car Rental and Alamo Rent a Car locations.25
  • Collect Miles twice at participating AIR MILES Partners when you show your AIR MILES Card too.
Editor's Review

BMO® AIR MILES®† World Elite®* Mastercard®* offers consumers some of the best travel rewards in Canada. Air Miles is affiliated with numerous retail partners, from gas stations and grocery stores to travel outlets and liquor stores. Frequent travelers and savvy collectors could be hooked by this card, as they can dramatically boost their earning rate. If you also have the BMO premium chequing account, you can even benefit from an annual rebate.

 

This card comes with purchase protection, travel insurance benefits and airport lounge access. You can waive the annual fee of $120 for the first year while getting 1 Air Mile rewards for every $10 you spend. As a welcome offer, you can get 2,000 bonus miles. One air mile is worth $0.105. The purchase interest rate of this card is $20.99, but the income requirements are $80.000 per individual or $150.000 as a household.

 

This card is excellent for frequent travelers, air miles collectors and high-income earners. Some of its best features are: access to private lounges, accelerated miles earning, robust travel insurance, together with numerous purchase protection benefits. If you travel frequently to North America, you can also leverage the BMO AIR MILES World Elite Mastercard to gain a 15% discount.